–> Asset Allocation helps overcome emotional attachment to inherited assets.
1. Each asset class has a different Return-Risk-Liquidity profile
2. Diversification is needed to achieve optimal balance between rewards and risks
3. Asset allocation decision is the most important factor for long-term wealth building
4. There is no “ one size fits all “ formula for asset allocation. One needs to take professional help during this important step of financial planning
You are what your deepest desire is. As is your desire, so is your intention.As is your intention,so is your will. As is your will, so is your deed. As is your deed, so is your destiny.—Upanishads
Take up one idea.Make that one idea your life—think of it, dream it,live on that idea.Let the brain,muscles,nerves,every part of your body, be full of that idea,and just leave every other idea alone.This is the way to success.—Swami Vivekananda
Someone’s sitting in the shade today because someone planted a tree a long time ago.—-Warren Buffett
Compound interest is the eighth wonder of the world.He who understands it, earns it he who doesn’t pays it.—Albert Einstein
Bull markets are born on pessimism,grow on skepticism,peak on optimism and die on euphoria.—-Sir John Templeton
